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Coincidental with the cliff-hanging negotiations in Washington, which ended on October 17 with the Obama administration defeating the House of Representatives in their standoff on funding the federal government and raising its borrowing limit, was another deal-making that settled the legal and regulatory woes of the United States’ biggest bank.

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BEAR STEARNS AND WASHINGTON MUTUAL

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Coincidental with the cliff-hanging negotiations in Washington, which ended on October 17 with the Obama administration defeating the House of Representatives in their standoff on funding the federal government and raising its borrowing limit, was another deal-making that settled the legal and regulatory woes of the United States’ biggest bank.

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Erring big US banks settle cases through fines

By AT GROUND LEVEL | By Satur C. Ocampo | October 26, 2013 - 12:00am

Coincidental with the cliff-hanging negotiations in Washington, which ended on October 17 with the Obama administration defeating the House of Representatives in their standoff on funding the federal government and...

Opinion